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ePlus (NASDAQ:PLUS) CEO Phillip G. Norton sold 198,730 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $47.50, for a total transaction of $9,439,675.00. Following the completion of the transaction, the chief executive officer now directly owns 69,062 shares of the company’s stock, valued at approximately $3,280,445. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

ePlus (NASDAQ:PLUS) traded up 0.30% on Wednesday, hitting $50.20. 31,125 shares of the company’s stock traded hands. ePlus has a 52-week low of $44.83 and a 52-week high of $66.99. The stock has a 50-day moving average of $55.83 and a 200-day moving average of $55.33. The company has a market cap of $404.8 million and a P/E ratio of 11.68.

ePlus inc. (NASDAQ:PLUS), along with its subsidiaries, is engaged in the business of selling, leasing, financing, and managing information technology and other assets and provides software.

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